Forecasters See Healthy Auto Sales This Year And Next; Past That, Maybe A Recession [Forbes]
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Source: Forbes
Forecasters See Healthy Auto Sales This Year And Next; Past That, Maybe A Recession NEW YORK — The near-term outlook is mostly positive for U.S. auto sales this year and next, despite worries about affordability tariffs AutomotiveForum “The profession is very concerned about the intermediate term, even if the near term looks pretty positive,” said Joel Prakken IHS Markit New York International Auto Show Prakken said he’s an optimist relative to many other economists, because he believes the U.S. economy has a couple more years of growth ahead before a recession. In contrast, he said two-thirds of the analysts who contribute to a widely cited consensus forecast consider a U.S. recession likely before 2021. Recession ahead, but how far ahead? Getty In the interim, though, IHS Markit expects U.S. light-vehicle sales of around 16.8 million in 2019, and 16.6 million in 2020, Prakken said. That’s down from 17.2 million in 2018, but still a high level by historical standards. Meanwhile, J.D.
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